Orchid Island Capital (NYSE:ORC) Stock Rating Upgraded by StockNews.com

Orchid Island Capital (NYSE:ORC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Separately, JMP Securities restated a “market perform” rating on shares of Orchid Island Capital in a research note on Thursday, January 23rd.

Orchid Island Capital Stock Performance

Shares of NYSE:ORC traded down $0.09 during trading on Monday, hitting $8.84. 3,346,038 shares of the stock were exchanged, compared to its average volume of 2,804,228. The company’s fifty day simple moving average is $8.09 and its 200-day simple moving average is $8.03. The company has a market capitalization of $824.25 million, a price-to-earnings ratio of 14.73 and a beta of 1.83. Orchid Island Capital has a 1-year low of $7.41 and a 1-year high of $9.08.

Orchid Island Capital (NYSE:ORC) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. On average, research analysts forecast that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orchid Island Capital

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in Orchid Island Capital by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 695,131 shares of the real estate investment trust’s stock valued at $5,422,000 after purchasing an additional 197,052 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Orchid Island Capital in the third quarter valued at approximately $3,903,000. Entropy Technologies LP acquired a new position in shares of Orchid Island Capital in the 3rd quarter worth approximately $282,000. Quest Partners LLC grew its position in Orchid Island Capital by 385.2% during the 3rd quarter. Quest Partners LLC now owns 124,352 shares of the real estate investment trust’s stock worth $1,022,000 after acquiring an additional 98,723 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Orchid Island Capital during the 3rd quarter worth approximately $121,000. Institutional investors own 32.74% of the company’s stock.

About Orchid Island Capital

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.